The world's factories are fuelling the global economic recovery, with new figures showing that manufacturing output in the US, China and Europe is growing at a record rate.
In the US, Institute of Supply Management data revealed that factory output grew for the eighth month running in March, accelerating at its fastest pace since July 2004.
ISM's closely watched index climbed from 56.5 in February to 59.6 last month, beating economists' predictions, and was boosted by a surprise rise in inventories, which have been falling for the last four years. Readings above 50 signal expansion.
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